We are not in the situation to be bullish. We need time to forget. As long as everbody think "this is the bottom", "that is the bottom" we will not hit it. The bottom will not lock in before most of the people think it's going to zero. Proove me wrong.
Be Careful, Everyone Can Publish Some Stupid Lines Here is the opposite nonsense to
No! It's not. It's always the same game. "Feer and Greed" Index is at "extreme greed" (alternative.me) -> pullback is overdue. And don't forget: EMA200 is magnetic. Even in bullruns. A small pullback to 56k would be healthy. Maybe another small pump followed by a "sell the news"-event (Bitcoin ETF)? Maybe a flashcrash to 50 - 51k (50k would be a critical...
watching this channel for month. not much to say ... chart is pretty much self-explanatory ...
... and wait for the Crypto-Youtubers to stop posting new stuff every day. Half of them switched from daily to weekly already.
Maybe we see the same pattern from September again? RSI is in same situation. MACD 4c is turning. Candlepattern shows a loss in downside momentum. EMA-Ribbons compressing. Yellow area is very strong support. Golden Pocket. For now, i'm shorttime bullish. But it would be a hard way up. 20Week and 52k is strong resistance. Next resistance 55k. Next resistance...
I will go to sleep the whole December long and closely watch the RSI for breakouts. If RSI breaks downwards, i follow the red path. If RSI breaks upwards, i hope for the green path with a rejection at 60k and another manipulation to 40k (or vice versa). But the blue path would be more realistic. Maybe... The only cryptos i hodl "forever" is www.tradingview.com...
Maybe it's all over now, like some esoteric artist preach since month and we are going down "tomorrow". But maybe we see another uptrend for some month before the bears take over control. It would time for it. We need a very serious cleanup from all those 4000+ scamcoins in the cryptomarket until the next halfing-bullrun. RSI hidden bullish. Stochastic RSI needs...
Easy call for me. High Risk. High Reward. 20Week will be my SL to invalidate Bullrun. Chart is Art. bla... bla... Nothing more to say.
Maybe a quick shorttime trade with a tight SL? I thinks it's worth a try. Invalidates below 56600.
I don't care about BTC price. I trace TOTAL. If TOTAL gets rejected (again), it's most probably over. If TOTAL creates and validates a new ATH, we might stay in a crazy bullrun 'till end of the Year. Very positive Onchain-Data makes it (only) a Coinflip. Otherwise i would say: Down from here.
Below the gray box, i will be bearish. Below the trendline, i will be bearish. Above the gray box, i will be bullish. Inside the gray box, i sit on my hands. It's that simple.
Fractals. You can see whatever you want to see. :-)
I know it's unrealistic, but I want to believe in it ...
A little bit risky at the moment, but maybe it's worth a try with a tight SL.
Everyone is hyped again. But we are near the double top (ATH) resistance in all major marketcaps. There is a big chance to bounce off and fall fast and hard. There is a small chance to ignore all sanity and break through. But well ... Hope dies last ...
It looks a little bit like the same situation as a few month ago. I will set some SL for most of my Alts...
There is a need for some Sh*tcoin bleeding. With BTC beeing in a very critical phase it?s just a matter of days / weeks to see ALTs correcting. Take a look at BTC.D, too.